Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th

The basis for the law of demand is related to - Economics

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MCQ

The basis for the law of demand is related to

Options

  • Law of diminishing marginal utility

  • Law of supply

  • Law of Equi-marginal utility.

  • Gossen’s Law.

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Solution

Law of diminishing marginal utility.

Concept: Cardinal Utility Analysis
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APPEARS IN

Tamil Nadu Board Samacheer Kalvi Class 11th Economics Answers Guide
Chapter 2 Consumption Analysis
Model Questions - Part A | Q 7 | Page 50
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